We don’t directly invest in...

Firearms

Companies that manufacture firearms.

Tobacco

Companies that manufacture tobacco.

Gambling

Companies offering gambling, including online gambling.

Controversial weapons

Companies that manufacture cluster munitions and anti-personnel mines, and companies that manufacture or test nuclear explosive devices (NEDs).

Pornography

Companies that produce pornography, or generate more than 5% of revenue from pornography.

NZ illegal drugs

Companies that cultivate, manufacture or supply cannabis plants or products for recreational use, or provide support services for the recreational use of cannabis as their main business.*

For more details about what we do and don’t exclude, you can read our ESG Policy.

*This includes companies that cultivate, manufacture or supply cannabis plants or products for medical, scientific of industrial purpose without appropriate licence or authorisation.

Investing for the long term

JUNO considers Environmental, Social and Governance (ESG) matters as part of our investment process. We believe good long-term returns and good management of ESG risks and opportunities, go together.

Our ESG policy means we think about ESG risk and opportunity when we buy, manage and sell our direct investments in companies around the world.